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Juan Owns a House in a Poor Area of a Large

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Juan owns a house in a poor area of a large city.A salesman visits his home,selling aluminum siding.Juan buys and signs a contract,which calls for a price of $25,000 to be paid in monthly installments of $500 for 20 years.Juan only earns $700 per month.In addition,Juan's home is only worth about $35,000.The aluminum siding put on is worth no more than $1,500.Juan speaks and reads very little English and Juan thought he was signing a receipt for a free gift.Which of the following best describes this contract?


Definitions:

Athletic Scholarship

Financial aid awarded to students based on their athletic abilities to help them pay for their education while they play sports for their college or university.

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A method of asking questions in a soft, non-threatening manner that encourages open and honest communication.

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Group therapies involve therapy sessions conducted with multiple participants led by one or more therapists, allowing individuals to share experiences and receive support from peers.

Individual Therapies

are psychological treatments tailored to the specific needs and issues of a single person, focusing on personal growth or problem-solving.

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